Nairobi — Afya Sacco Society has formally written off Sh361.6 million lost in the collapsed investments with the Kenya Union of Savings and Credit Co-operatives (KUSCCO), representing one of the largest financial hits linked to the scandal that shook Kenya’s cooperative sector.
The amount was revealed in Afya Sacco’s latest consolidated financial report for the year ending December 31, 2024.
Under the section on receivables, the SACCO listed the Sh361.6 million as a non-recoverable loss stemming…
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